Duke Energy PowerPair Pilot Program: A Golden Opportunity for Solar Savings in North Carolina
Duke Energy PowerPair Pilot Program: A Golden Opportunity for Solar Savings in North Carolina
Blog Article
Are you a North Carolina homeowner looking to reduce your high energy bills? Duke Energy’s new Home Solar + Battery “PowerPair Pilot Program 2024” is a game-changer. This pilot program offers residents rebates of up to $9,000 for switching to solar energy with battery storage. Available to customers in Duke Energy Carolinas and Duke Energy Progress service areas, this one-time incentive helps make renewable energy more accessible and affordable. By participating, homeowners can lower energy costs, enhance energy efficiency, and enjoy backup power during grid outages.
Understanding the PowerPair Pilot Program?
Duke Energy, one of the largest utility companies in the U.S., has rolled out its PowerPair Pilot Program to encourage the adoption of solar power and battery storage. This innovative rebate initiative is designed to promote clean energy by making solar energy systems more affordable for North Carolina residents. By offering up to $9,000 in rebates, Duke Energy aims to empower homeowners to invest in solar energy with battery storage, reducing their reliance on the grid and cutting energy costs.
How to Qualify for the PowerPair Pilot Program?
Qualifying for the PowerPair Pilot Program is simple. Homeowners must install a qualifying solar and battery system through a Duke Energy-certified solar installer, also known as a "Trade Ally." The rebate will be applied once the system is installed and operational. Importantly, this rebate is available exclusively for Duke Energy residential customers in North Carolina. Additionally, it only applies to new installations that combine solar panels with battery storage.
Incentives and Savings for Homeowners
The PowerPair Pilot Program offers two primary incentive options:
1. PowerPair Solar and Storage Incentive: Homeowners can receive a rebate of $0.36 per watt, capped at $3,600, for solar panel installation. For battery storage, the rebate is $400 per kWh, up to a maximum of $5,400. This means that homeowners can benefit from a total rebate of up to $9,000 for installing solar and battery systems.
2. PowerPair with EnergyWise Battery Control: In this option, Duke Energy remotely controls the battery to manage energy use during peak times or outages. Customers enrolled in this program can receive additional bill credits for participating. This option ensures grid reliability while offering ongoing financial incentives for homeowners.
Maximizing Savings with the Federal Solar Tax Credit
The PowerPair Pilot Program is not the only incentive available to North Carolina homeowners. Participants can also take advantage of the federal solar tax credit, which covers 30% of the total system cost. When combined with the PowerPair rebate, homeowners can see home solar panels significant savings on solar installation costs. For instance, a $60,000 solar system could be reduced by nearly 50% after applying the rebate and tax credit.
Why Duke Energy is Promoting Solar + Battery Storage?
Duke Energy is committed to transitioning to renewable energy, with a goal of achieving net-zero carbon emissions by 2050. By incentivizing the adoption of solar and battery storage, Duke Energy is empowering homeowners to contribute to this clean energy future. Solar energy systems reduce reliance on fossil fuels, decrease greenhouse gas emissions, and improve energy resilience during power outages.
How to Apply for the PowerPair Pilot Program?
The application process for the PowerPair Pilot Program is straightforward. The first enrollment period runs from May 10 to June 7, 2024, through the Duke Energy website. A second round of enrollment will open if capacity remains, with participants selected through a random selection process to ensure fairness.
SolarSME: Your Partner in Solar Installation
To qualify for the PowerPair rebate, homeowners must use a certified Duke Energy installer. SolarSME is proud to be a Trade Ally, offering professional solar installations with industry-leading warranties. By partnering with SolarSME, North Carolina homeowners can maximize their solar investment and qualify for up to $9,000 in rebates.
Conclusion: Seize the Solar Opportunity
The Duke Energy PowerPair Pilot Program provides a unique opportunity for North Carolina homeowners to invest in solar energy and battery storage, reduce energy bills, and increase energy independence. With up to $9,000 in rebates and the added benefit of the federal solar tax credit, now is the perfect time to go solar. Switch to solar with SolarSME and take advantage of this valuable incentive for a more sustainable and cost-efficient energy future.
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